1630 W Melrose Street, Chicago, IL

$550,000

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4

Beds

About 1630 W Melrose Street

Rare redevelopment or investment opportunity in the heart of Lakeview. Solid brick 2-flat featuring two 2-bedroom, 1-bath apartments with long-term tenants currently on month-to-month leases. Rents are below market, offering immediate upside potential for investors or future redevelopment. Property is zoned B1-3 and is being offered exclusively as part of a package sale with the adjacent property at 3248 N. Lincoln Ave. Prime location near transportation, shopping, dining, and neighborhood amenities. Excellent opportunity to assemble a larger development site in a highly desirable Lakeview location. Sold as-is. Unfinished basement.

Features of 1630 W Melrose Street

MLS® # 12667107
Price $550,000
Bedrooms 4
Bathrooms 0.00
Year Built 1908
Type Residential Income
Sub-Type Two to Four Units
Status Active

Community Information

Address 1630 W Melrose Street
Area CHI - Lake View
City Chicago
County Cook
State IL
Zip Code 60657

Amenities

Is Waterfront No
Has Pool No

Interior

Heating Forced Air
Fireplace No
Has Basement Yes
Basement Unfinished, Full

Exterior

Exterior Brick
Lot Description Irregular Lot

School Information

District 299
Elementary Burley Elementary School
Middle Burley Elementary School
High Lake View High School

Additional Information

Days on Market 67
Zoning MULTI
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeJameson Sotheby's Intl Realty

Listing Map

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